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 Credit Crunch

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chef
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PostSubject: Credit Crunch   Tue 25 Nov - 1:16

My parents are in debt, and i now earn no pocket money and cand afford central heating, and barely any food! its causing probelms! i may loose internet too! whats this country going to do? thank god we are not goin as bad as the wall street crash!
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Cheif Warrent Officer
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PostSubject: Re: Credit Crunch   Tue 25 Nov - 1:33

This crisis will never get as bad as the wall street crash, im sure of that! but it is a problem for this country and its people , we are all going into a bust period and it will get worse.
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Jana Portmoor
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PostSubject: Re: Credit Crunch   Wed 26 Nov - 6:49

you poor

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James David
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PostSubject: Re: Credit Crunch   Wed 26 Nov - 7:08

Good luck man...im not too sure about my family but were coping...just =/


stupid r3t4rded government...
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cloneof
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PostSubject: Re: Credit Crunch   Thu 18 Dec - 13:38

Kaialin wrote:
This crisis will never get as bad as the wall street crash, im sure of that! but it is a problem for this country and its people , we are all going into a bust period and it will get worse.

Laughing.

You have no idea how in the deep shit USA is right now. By stanards Black Thursday and the Great Depression were jsut a prologue to a 500 page book.

And we just opened the first chapter.
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Cheif Warrent Officer
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PostSubject: Re: Credit Crunch   Fri 19 Dec - 14:28

Just remmember the USA controls the money in this world, if the US market crashes so does the rest of the world, remmember learning about the wall street crash?
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cloneof
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PostSubject: Re: Credit Crunch   Fri 19 Dec - 14:38

Black Thursday, yeah. However, the reality is more then it seems.

Euro is becaming the "hard cash" what the dollar used to be. The reality is USA is depented on oil as the rest of the world. Russia has it`s own to hold on to and nations are more then willing to sell it to rising powers of China and India.

China has the economy to outweight the USA only by it`s own 1 billion population. Once China get`s truly into capitalisim, the current economic worth of the USA economy is nothing in comparison.

USA economy plan ever sense the WW2 was to simply loan the money required, then give it to companies who needet it and keep doing the circle. However, as today`s world is sinking in to this depression as much as USA pulls it, there is no one to lend this money and thus the circle is broken with USA goverment in a hell of a minus mark. This and the fact that the whole thing was started by the unpaid house loans are now forcing hundreds of thousands Americans homeless.

Now here comes the irony, if USA completely fails to restore itīs economy within few years, the rest of the world doesn`t wait. The economical infrastructure will be made around other directions. If European Union can handle the powerless bureucratic shit that they are handling right now, then the Europe will be the center of the First World including ex-Soviet independent nations. China will outgrew everyone with India and form a economical Empire not seen in human history and most likely Russians will keep to themselfs, centered with nations close to their borders.

And this prediction is based on a world without war :/.
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